Blackboard-Athens Star xy c Connect https/newconnect.mheducation.com/Mlow/conned

Question

Blackboard-Athens Star xy c Connect https/newconnect.mheducation.com/Mlow/connedt.html ork Saved Help Save & Che Required information I The following information applies o the questions displayed below. Laker Company reported the following January purchases and sakes data for ils only product, Activitias Units sold at Retail 135 units $19.e 148 units $19.ee Date Units Acquired at Cost 175 units & s1e.e$1,75e 138 units 9.1,17e 25e unitse s .se-125 3an. 1 Beginning inventory an. 18 Sales 3an. 28 Purchase 3an. 25 Sales 3an. 38 Purchase Totals 555 units 5,845 275units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 280 units, whete 250 are from the January 30 purchase, 5 ate from the January 20 purchase, and 25 are from beginning inventory Prey 2 of 4 Next >

Explanation / Answer

1. Specific Identification

2. Weighted Average

3. FIFO

4. LIFO

5. Income statement

"It would be appreciated if you give your feedback"

Available for sale Cost of goods sold Ending Inventory Date Activity Units Unit cost units Sold Unit cost COGS Ending Inventory units cost per unit Ending Inventory cost 1-Jan Beginning Inventory 175 $10 150 $10 $1,500 25 $10 $250 20-Jan Purchase 130 $9 125 $9 $1,125 5 $9 $45 30-Jan Purchase 250 $8.50 0 250 $8.50 $2,125 555 275 $2,625 280 $2,420

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.